Further growth in foreign assets is expected in March after the International Monetary Fund approved a $1.2 billion disbursement to Egypt, following the fourth review of its $8 billion economic ...

The Central Bank of Egypt (CBE) reported that the net foreign assets of the Egyptian banking sector recorded a surplus of $5.224bn (EGP 265.898bn) in Tuesday, 02 January 2024 12:17 GMT عربي ...

The deficit in Egypt's foreign assets deficit declined by nearly 3 percent - EGP 24.92 billion ($807.95 million) - on a monthly basis in July, as assets rose at a pace faster than the growth in ...

To attract foreign currency and boost local market competitiveness, authorities agreed back in 2022 to sell stakes in 32 state-owned businesses, including Telecom Egypt, luxury hotels in Cairo, ...

China is a key partner in Egypt’s economic future,’ says Egyptian president as Chinese premier expresses readiness to expand ...

The CEO of Egypt's third-largest bank tells Al-Monitor why he is hopeful about the country's economic recovery.

China and Egypt signed a memorandum of understanding (MoU) on Thursday to enhance bilateral financial collaboration, ...

Even so, drawing foreign currency from local banks is proving difficult as the net foreign-asset position dropped to a record negative USD 24.4bn at end-June 2023 (Figure 2). Tapping international ...

Hassan El-Khatib, Minister of Investment and Foreign Trade, announced that the Egyptian government plans to double the assets and investments managed by The Sovereign Fund of Egypt (TSFE) to better ...

Exclusive: Egypt counts on foreign funds to buy gas as power crisis worsens By Marwa Rashad , Francesca Landini , Mohamed Ezz and Sarah El Safty September 2, 2024 1:12 PM UTC Updated September 2, 2024 ...

Egypt's private sector is key to the country's prosperity amidst fast-changing global and domestic economic conditions. As an engine of innovation and productivity growth, private enterprises are ...